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Tax Revenue Auditing, Analysis, Forecasting, and Reporting Services <br /> July 16, 2024 <br /> Page 3 <br /> A full listing of the services to be provided can be found in Exhibit 1 — Consultant <br /> Agreement for HdL and Exhibit 3 — Consultant Agreement for HdLCC. The reports, <br /> analyses, and information derived from the audit programs will be used for budget <br /> planning, revenue forecasting, trend analysis, economic development analysis, and <br /> other projects requiring the data to assist in analyzing the City's economic standing. <br /> ENVIRONMENTAL IMPACT <br /> There is no environmental impact associated with this action. <br /> FISCAL IMPACT <br /> Funding for the services to be rendered for FY 2024-25 were already included in the <br /> adopted budget. Funding for subsequent fiscal years will be included in the appropriate <br /> proposed budgets for City Council consideration. The annual contract cost is <br /> approximately 0.076% of the General Fund revenue to be maximized with these <br /> services (less than one-tenth of one percent). <br /> Accounting Unit Fund Accounting Unit, <br /> Fiscal Year —Acct # Description Acct Description <br /> Amount <br /> 2024-25 01110130-62300 General Fund Contract Services $243,369 <br /> Professional <br /> 2025-26 01110130-62300 General Fund Contact Services $255,538 <br /> Professional <br /> 2026-27 01110130-62300 General Fund Contract Services $268,315 <br /> Professional <br /> 2027-28* 01110130-62300 General Fund Contract Services $283,675 <br /> Professional <br /> 2028-29* 01110130-62300 General Fund Contract Services $295,817 <br /> Professional <br /> Grand Total: $1,346,714 <br /> *Denotes an extension year, not part of initial term <br /> EXHIBIT(S) <br /> 1 . Consultant Agreement for HdL <br /> 2. Resolution Authorizing Examination of Tax Records for HdL <br /> 3. Consultant Agreement for HdLCC <br /> 4. RFP 24-010 <br /> Submitted By: Kathryn Downs, FMSA Executive Director <br /> Approved By: Alvaro Nunez, Acting City Manager <br /> City Council 23 — 3 7/16/2024 <br />